Two Blackstone Real Estate affiliate vehicles have acquired $2.8 billion of logistics assets in two separate transactions. Cabot Properties was the seller in both deals.
In the first deal, Blackstone Real Estate Income Trust acquired a US portfolio, comprised of 102 properties totaling 15.2 million square feet located in some of the strongest logistics markets including the Inland Empire, Eastern Pennsylvania, South Florida and the New York Metropolitan Area.
In a second transaction, Blackstone's European Core+ business and its affiliates acquired the remaining European properties. These assets consist of 22 properties totaling 2.2 million square feet of industrial space across Europe including the Midlands, North West and South East in the U.K.; Amsterdam in the Netherlands; and Düsseldorf in Germany.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
